Quote:
Originally posted by phogirl69
How do u write it off though, if you pay by Paypal, and it just says "Paypal" on your statement? My cpa told me you can only make deductions if it states specifically on your statement what it's for and "Paypal" could mean anything.
|
Your CPA is mistaken. You don't need a receipt. You have a bank or credit card statement that shows the money left your possession, right? Many transactions are done electronically these days - sometimes all you end up with is a transaction number. That doesn't mean you can't write it off.